Working for others vs. working for yourself

Monday, July 30th, 2012

Editor’s Note: This guest post from Lorie Gonzales originally appeared on www.familyfriendlywork.org on July 13th.

Have you ever found yourself sitting at your desk daydreaming, thinking about how great it would be to work for yourself?

Or maybe you’ve been frantically trying to finish a client’s project in your home office when all of a sudden your computer breaks down and there is no one to call for help. Wouldn’t it be nice to work in an office where computer problems are handled by the IT staff?

Let’s face it – we all want the best of both worlds: the flexibility of working for yourself and the support system that comes from working in a large company.

Well, I have had the good fortune to experience both of these scenarios. For many years I worked in corporate America with all the good and bad that that entails. Now I work for myself and it’s great. But it’s not a panacea. There are some downsides. Whether you are considering working for yourself or someone else, there are few things to think about.

One of the best things about working for yourself is that you are the boss!

You get to make all the decisions. What do you want to do, sell, provide? What do you want to charge? Who do you want to work with? Who do you want to work for you, if anyone?

You don’t have to answer to anyone. You can focus on your passion. You can do things the way you want.

You also can work when you want and not work when you don’t want. You can arrange your work schedule to meet your family’s needs. If you need to go to a parent teacher conference, take a sick child to the doctor, or even if you want to take time to have lunch with a friend, no problem. You decide how much and when you want to work.

However, by being the boss not only do you get to do the thing you love the most, you also get to do everything else – the marketing, the selling, the invoicing and collecting. The list goes on and on. . . . .

And while you can do things the way you want, you might not always know if what you are doing is the most effective and the best way to promote your business.

Those flexible work hours, while wonderful to have, also have some down sides, especially if you are working from a home office. It is very easy to let household chores and family obligations get in the way of focusing on business. It’s really easy to think, “I’ll just take a minute and do a load of laundry or put the dishes in the dishwasher,” but pretty soon the day is half over before you have started work.

On the other hand, you can also find yourself working incredibly long hours – late at night, early in the morning, on the weekends.

One of the best things about not working for yourself is that you are not the boss!

You don’t have to be in charge of everything. Someone else is responsible for deciding the direction of the company, handling personnel issues and making certain things are running smoothly.

You can focus on the job you were hired to do and let others handle everything else. If you are in accounting, you don’t have to worry about new product development, marketing, sales, personnel, social media campaigns, and on and on and on. . . . .

When you work for someone else, you might not have the flexibility to decide when you want to work but once you have finished your work day, you can head for home and leave your work at the office.

When working for someone else, you have a predictable income which is not something that can always be guaranteed when working for yourself. If you are lucky, you might also have some additional benefits: health insurance, 401K.

There is no one absolutely right choice. We all have to decide what works best for us.

 

Lorie Gonzales is the founder and president of Mursener & Associates, Inc., a consulting firm specializing business professionalism and communications. They provide training in all areas of professional business conduct, presentation skills, multigenerational and gender communications and team development.

Lorie is a certified communications consultant and etiquette professional. Prior to founding Mursener & Associates, she spent over 20 years in the communications industry with such notable companies as AT&T, Lucent Technologies and AVAYA.

Ms. Gonzales is involved in many professional and civic organizations through out the Salt Lake Area.

This week on the Utah Business Report

Friday, July 27th, 2012

In case you missed one or more of the Salt Lake Chamber’s Utah Business Reports on KSL News Radio, here is a recap of what we talked about this week.

The Centers for Medicare & Medicaid Services (CMS) has announced a $9.7 million contract to Intermountain Healthcare as part of its Health Care Innovation Awards initiative. Intermountain was awarded the three-year contract to further its work in transforming how healthcare is delivered to improve the quality of patient care while helping hold healthcare costs down.

This effort will accelerate Intermountain’s nationally recognized work toward developing a new care delivery model using information technology-based tools. New ways to deliver population-based data to primary care doctors will also be developed to help patients with chronic conditions.

In support of this effort, Intermountain will train and hire 12 new workers in health information technology-related jobs. Those interested in those jobs may want to know that, for the fifth year in a row, Intermountain Healthcare has been selected as one of the “Best Places to Work in IT” by Computerworld magazine.

The U.S. Department of Labor recently announced that the latest duration rate for Utahns receiving Unemployment Insurance for the fiscal year ending March 31 was 14.4 weeks, which is the 49th lowest in the nation.

The Department of Workforce Services reported that Utah paid out less than $4 million in regular Unemployment Insurance Benefits during the first week of June. The last time the department paid less than that in Unemployment Benefits was November 2008.

Utah’s job growth rate, combined with Workforce Services’ innovative re-employment strategies, has undoubtedly contributed to the state having one of the lowest unemployment insurance duration rates.

As part of the Chamber’s 125th anniversary, we want to share the rich history of the members that have made the Chamber so successful.

BlueCross BlueShield of Utah was established as Utah’s first health insurance carrier seventy years ago when six hospitals formed the Intermountain Hospital Plan in 1942. The Blues in Utah were an instant success and grew rapidly as more Utahns and Utah employers realized the importance of health insurance. Within two years, there were 100-thousand enrollees. In the 1990’s, the company also experienced rapid enrollment growth.

In 1998, BlueCross BlueShield of Utah merged with three other Blues companies of Washington, Oregon and Idaho. They became known as Regence BlueCross BlueShield of Utah, which now serves more than 400,000 members and has nearly 4,000 physicians and providers in their networks. The company is still on the cutting edge of designing products and physician-hospital partnerships that help control costs for today and tomorrow.

The Chamber would like to congratulate Integra Telecom for expanding their fiber-based on-network locations to more than 2,000 locations, including 115 new customer builds since January of this year. This increase in locations aligns with Integra’s strategic focus on delivering bandwidth-intensive networking and cloud solutions to enterprise and wholesale customers who require reliable and scalable connectivity in a cloud-based infrastructure.

This milestone marks Integra’s continued investment in its fiber footprint and commitment to deliver reliable, high-bandwidth data transport and innovative new services to business customers throughout its network. Their robust fiber network enables secure and high-bandwidth applications for business industries like healthcare, finance, technology, professional services and the public sector.

Leading grocery magazine Progressive Grocer recently named Bethany Oglesby and Marsha Gilford of Smith’s Food and Drug Stores as the “Top Women in Grocery” of 2012.

As floral specialist, Oglesby is responsible for floral category sales in all 133 Smith’s stores throughout the west by creating spectacular merchandising displays featuring the latest floral trends and monitoring store ordering and inventory levels. Once a week, Oglesby hosts a televised communication to stores to rally associates to share in her vision and passion to make Smith’s a quality floral destination.

Gilford is the vice president of public affairs for Smith’s and was also honored with a Pathfinder award last year. She oversees media, community and government relations as well as philanthropy programs for Smith’s stores. She’s recognized as a leader among colleagues by creating innovative local partnerships, representing company interests to local, state and federal government officials and serving on community and food industry associations and committees.

For the full reports from this week and weeks past, visit KSL Radio online. Remember to tune in between 12:30 and 1 p.m. to KSL News Radio every week day on 102.7 FM or 1160 AM. If your business is doing something great, let us know and we may just feature it on the Utah Business Report. 

Union Pacific celebrates milestone

Wednesday, July 25th, 2012

Editor’s note: This post is taken from prepared remarks delivered by Salt Lake Chamber President and CEO Lane Beattie, July 24, 2012. 

It is truly a pleasure to be with you on this great Pioneer Day.

I’ve always loved that as Utahns we have two days in July to celebrate our heritage. We can focus fully on appreciating our great nation on the 4th… and then three weeks later we can celebrate the great privilege of being Utahns.

I want to thank Mayor Becker and Governor Herbert for their great leadership. They both work tirelessly to make Salt Lake City and our entire state a great place to live and to raise a family.

I also want to thank Bob Turner of Union Pacific. This is a special year for Union Pacific… and Union Pacific is a very important member of our business community, and a driving force behind our economy.

We gather today to celebrate not only the great Pioneer heritage we have here in Utah… but to celebrate the principle of the harvest. We benefit greatly today from the hard work, the determination and the sacrifice of those who came before us.

The Pioneers arrived in this valley on this date back in 1847.

Just getting here was a remarkable accomplishment.

They traversed brutal conditions.

Their sacrifice was great.

And today we can stand in this beautiful valley and enjoy all that we have because of their determination, courage and hard work.

Not long after the Pioneers arrived and went to work settling this valley—just 15 years later, in July 1862—President Abraham Lincoln singed the Pacific Rail Act. With the stroke of a pen the race to build the continental railroad was on.

That race finished right here in Utah when the Union Pacific and the Central Pacific Railroads drove the Golden Spike at Promontory Summit.

Union Pacific connected our nation.

Union Pacific also galvanized the business community in Salt Lake City.

Now 125 years ago, in 1887, the Salt Lake Chamber of Commerce (then called the Commercial Club) was a loosely bound group of businesses.

At the time there was a bidding war going on between Ogden and Salt Lake City to have a rail line built. At stake was a big leg-up in the battle for economic expansion.

Long story short, Ogden won that round. But because the group of business leaders in Salt Lake City lost—they quickly learned the importance of working together as a business community.

Today, that same group of business leaders works together to get big things done in our state. And that same spirit of collaboration and partnership extends to our relationship with city and state leaders.

Today, Union Pacific continues to play an often-unseen role in our everyday lives.

They ship coal, minerals and metals.

The beautiful copper exterior of the Rio Tinto Museum of Natural History was shipped on Union Pacific trains.

Three out of every four cars shipped west of the Mississippi are moved by Union Pacific.

And Union Pacific plays a key role in preserving our natural beauty and clean air.

Do you realize…

- Union Pacific moves millions of rail cars each year.

- They can move one ton of freight 500 miles on a single gallon of diesel.

- Each train takes 300 big rig trucks off the road.

From food to energy to consumer goods—Union Pacific keeps prices low.

So today, as we celebrate our Pioneer forefathers… we must also pause and recognize the important role the railroads have played in the development of our great community.

On behalf of the Utah business community… to Bob, to Dan Harbeke who represents Union Pacific on the Salt Lake Chamber Board of Governors… and to all the dedicated men and women who keep the trains running on time… thank you very much.

Chamber VP of business and community relations graduates from Institute for Organization Management

Wednesday, July 25th, 2012

Salt Lake Chamber Vice President of Business and Community Relations Ryan Evans has graduated from the Institute for Organization Management, the professional development program of the U.S. Chamber of Commerce. Evans also received the IOM Graduate Recognition, which signifies the individual’s completion of 96 hours of course instruction in nonprofit management.

“Institute graduates are recognized across the country as leaders in their industries and organizations,” said Raymond P. Towle, IOM, CAE, the U.S. Chamber’s vice president of Institute for Organization Management. “These individuals have the knowledge, skills and dedication necessary to achieve professional and organizational success in the dynamic association and chamber industries.”

“The Salt Lake Chamber is one of the strongest and most influential chambers of commerce in the nation,” said Evans. “To be able to take the knowledge gained through this four-year program and apply it to the benefit of our members and our community is rewarding.”

“When you make the investment to enhance the talent level of your staff, you never regret it,” said Lane Beattie, president and CEO of the Salt Lake Chamber. “Ryan’s training with the Institute for Organizational Management will be a real benefit to our Chamber and the relationships he has built over the four years of this program will help us learn from the successes of other chambers across the nation.”

Since its commencement in 1921, the Institute program has been educating tens of thousands of association, chamber and other nonprofit leaders on how to build stronger organizations, better serve their members and become strong business advocates. Institute’s curriculum consists of four weeklong sessions at five different university locations throughout the country. Through a combination of required courses and electives in areas such as leadership, advocacy, marketing, finance and membership, Institute participants are able to enhance their own organizational management skills and add new fuel to their organizations, making them run more efficiently and effectively.

Graduates of Institute receive the IOM recognition, signifying completion of 96 hours of course instruction in nonprofit management. In addition, participants can earn credit hours toward the Certified Chamber Executive (CCE) or Certified Association Executive (CAE) certifications. Nearly 1,000 individuals attend Institute annually.

Institute is a 501(c) (3) affiliate of the U.S. Chamber of Commerce and is the premier nonprofit professional development program for nonprofit professionals, fostering individual growth through interactive learning and networking opportunities.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. 

Economic uncertainty: Cans kicked down the road pile up

Monday, July 23rd, 2012

Fed Chairman Ben Bernanke’s testimony before the Senate Banking Committee produced ominous headlines such as, “Bernanke gloomy on economic outlook” and “Bernanke: Recession likely if Congress doesn’t act.” While these headlines may cause surprise for some, analysts and economists observed a steady stream of negative data over the last several months as the U.S. and global economies began to deteriorate. So, where are we now?

In the U.S., the Bureau of Labor Statistics (BLS) reported a net gain of just 80,000 jobs in the month of June, making it the third consecutive month with growth under 100,000. This is significant, because according to Chairman Bernanke, the U.S. economy must produce at least 100,000 jobs to avoid deterioration in the labor market.

Falling GDP Estimates

So, why are jobs so important to the economy? Jobs are important, because consumer spending is responsible for approximately 70 percent of U.S. economic activity. On Monday, the Commerce Department released data showing retail sales fell for the third consecutive month in June, decreasing by 0.5 percent. This report comes after the Commerce Department reported savings rates are also increasing. In short, not as much money is being spent and the economy is slowing.

The first look at second quarter GDP in the U.S. will be released on Friday, July 27th. Wall Street firms have been marking down their estimates, which fell even further after the latest retail sales report, with more optimistic firms now estimating real GDP growth in the second quarter of around 1.5 percent. However, several firms are expecting to see that the economy grew at a rate closer to just one percent. This would mean the U.S. economy grew at a rate well under two percent during the first half of 2012.

The question many have is, will conditions improve during the second half of 2012?

The quick answer: not likely.

Accumulation of Risk

At mid-year, I was involved in producing an Economic Outlook for Salt Lake County. The outlook was produced as a joint project between my employer, CBRE and the Salt Lake Chamber. While producing the report, it was apparent that downside risks to the economy were accumulating and would continue to do so without meaningful policy responses. As challenges increase, the economy, already limping along, will not likely hits its stride during the third and fourth quarters of 2012.

Primary risks examined in the report include, Europe’s debt crisis, geopolitical tensions in the Middle East and U.S. fiscal policy. As long-term, sustainable solutions are delayed, the timeframe to deal with these challenges becomes more compressed. This means the margin for error diminishes.

Europe

European leaders continue to test the patience of markets, but it is unclear how much time they will be afforded. Up to this point, policymakers in Europe have been unable to offer up solutions that will address both the short-term issues such as bank re-capitalization and long-term issues like how to increase European integration.

As this crisis drags on, much of the continent will continue in recession. As a result, fewer products are exported to Europe from emerging markets such as China, causing economies around the world to slow. However, the greatest threat to economies around the world is through financial ties. Similar to 2008 when the collapse of Lehman Brothers wreaked havoc on the global financial system, a similar threat of “contagion” exists as Europe’s financial system experiences higher levels of stress.

Middle East

In the Middle East, headlines during the last week indicated concerns over Syria moving its chemical stockpiles and a build-up of U.S. forces in the region, due to tension with Iran over its nuclear program. As sanctions on Iran take effect, rhetoric is increasing. Furthermore, it is widely believed that Iran’s nuclear program will be vulnerable only for a short time longer; meaning decisions regarding any effective military strike must take place soon.

While conflict does not appear to be imminent, this ratcheting up of tension will spook energy markets, limiting any relief for consumers at the pump. In fact, the price of light crude on the New York Mercantile Exchange rebounded from lows in mid-June of around $78 a barrel to close at approximately $88 yesterday, representing a 13 percent increase in less than one month.

U.S. Policy

In the U.S., if issues surrounding the “fiscal cliff” (expiration of tax cuts and automatic spending cuts) and debt ceiling are not addressed before the election, they will need to be addressed within a period of just weeks before they take effect. All together, the potential hit to GDP could reach 4 percent according to analysis from Bloomberg. If these issues are not dealt with before 2013, the Congressional Budget Office (CBO) projects that the U.S. economy will fall into recession, a point Chairman Bernanke brought up during his congressional testimony yesterday.

In addition to the “fiscal cliff”, the U.S. will technically run up against its debt ceiling sometime late this year, but accounting maneuvers will extend the amount of time policymakers have to act until early 2013. All of these major and unresolved issues will weigh on the economy until they are addressed.

However, with near certainty, it should be expected that nothing will get done before the fall election. This reality was acknowledged by U.S. Senator, Chuck Schumer when he stated, “Given the political realities, particularly in this election year, I’m afraid the Fed’s the only game in town.”

Elections

Elections are not just complicating the response to problems in the U.S. Uncertainty surrounding elections in Greece caused many to wonder if the country was on the verge of exiting the Euro and returning to the Drachma. In the end, elections produced a government, which allowed the country to stay in the Eurozone. Even still, Greece will remain in news headlines as its finances continue to deteriorate and short-term fixes prove inadequate.

Meanwhile in France, Socialist Francois Hollande was elected President, along with a majority for his party in parliament. Elections in France set the stage for a more contentious relationship with pro-austerity German Chancellor Angela Merkel, who will certainly be considering German national elections in 2013.

Outside of the U.S. and Europe, even China will experience a transfer of power, starting in 2012, creating some uncertainty there as well.

Cans Piling Up

Through the end of the year, disappointingly weak GDP growth in the U.S. is likely to continue. Job growth will reflect the generally weak state of the economy and market volatility will increase as downside risks come into focus. Furthermore, because the resolution of major problems is dependent on policy outcomes, uncertainty will be amplified as fall elections approach.

The bottom line is this: it is becoming clear that policymakers must soon address major issues restraining the global economy, because they will not retain the ability to continue delaying politically difficult decisions. The term, “kicking the can down the road” is often used to describe the response of politicians to difficult problems. However, the end of the road is approaching and the cans are piling up. The next six to nine months will be critically important for the global, U.S. and Utah economies.

 

This article was written by Darin Mellot, senior analyst at CBRE, and was originally featured on KSL.com. Mr. Mellott is a member of the Chamber’s Utah Economic Council.


Utah job creation momentum continues

Friday, July 20th, 2012

Utah’s latest jobs figures were released this morning showing continued job growth.

The state economy is growing by 2.6 percent–that doubles the national growth rate of 1.3 percent. In all, 12,400 Utah workers have gotten back on the job this year, brining the 12 month rolling total to 32,000 jobs added.

Optimism is also growing as frustrated workers (those who had stopped looking for work) re-enter the job market. That is indicated by an unchanged unemployment rate (6.0 in Utah compared to 8.2 nationally) coupled with overall job growth.

Utah’s private sector job growth
Impressively, all of Utah’s industrial sectors have added jobs over the past 12 month with the notable exception of government. Natural Resources grew by 8.5 percent, the strongest growth in the state. According to the report, natural resources and mining is Utah’s strongest growth sector with employment gains over-the-year of 8.5 percent, or 1,000 jobs, most of which originates in the Uintah Basin, Utah’s oil and gas region abutting Wyoming and Colorado.

Professional and Business Services also grew by 5.3 percent According to the report, “Private Education and Health Services is a stalwart of the Utah economy, having grown through both of the recessions of the past decade. However, current employment estimates have the industry growing at its lowest levels of the past 15 years. Employment gains of 1,200 are only a 0.8 percent growth rate.

The Leisure and Hospitality sector bounced back to job gains as the calendar shifts away from the winter season and into the summer season. They are two separate seasons with two separate economic profiles. The industry has added 2,300 jobs to this year’s summer profile over last year.”

This week on the Utah Business Report

Friday, July 20th, 2012

In case you missed one or more of the Salt Lake Chamber’s Utah Business Reports on KSL News Radio, here is a recap of what we talked about this week.

On Wednesday, there were viewing parties for the Tour de France at Megaplex theatres across the Wasatch Front. Come next month, seven of those same teams will be in Utah for the Tour of Utah race, which takes place August 7 to 12.

Also note that 2,000 volunteer positions need to be filled for the Tour of Utah race. All volunteers will receive an incredible gift bag from the Tour, including a t-shirt, cap, a lunch tote and much more. Get involved and donate your time for one day or for the full week of the race.

Today, Friday July 20, marks the last day for Early Bird registration for the Business Women’s Forum’s annual Summer Social. Save $10 off admission by registering today! Today is also the last day to rent a booth. Booth registration costs $150.

The Summer Social will take place at Red Butte Gardens on August 9. It is a special fundraising event that aims to bring over 200 of Salt Lake City’s most prominent women together and provide a platform for learning, networking and sharing information. Along with a silent auction, there will be hors d’oeuvres, a cash bar and entertainment to accompany this great networking event.

As part of the Chamber’s 125th anniversary, we want to share the rich history of the members that have made the Chamber so successful.

Founded during the Great Depression as a Works Progress Administration orchestra, the Utah Symphony is now the premiere orchestra in the Intermountain West and one of the nation’s 17 year-round orchestras.

Utah Opera, established by Glade Peterson in 1978, has also been part of our community for nearly 35 years, engaging and impacting Utah residents through inspiring operatic performances.

In July 2002, the governing boards of Utah Symphony and Utah Opera made a precedent-setting decision to consolidate both organizations into Utah Symphony | Utah Opera. For decades, both companies have shaped the artistic landscape of Utah by presenting artists and performances of exceptional scope and quality.

Over the years, many of the civic leaders who’ve presided over the Chamber Board have also been leaders on the Utah Symphony | Utah Opera Board going back even before the Chamber was organized.

We also talked about the biggest visible change to the internet and how Utah’s metropolitan areas among those leading the nation in business and careers going into the future.

For the full reports from this week and weeks past, visit KSL Radio online. Remember to tune in between 12:30 and 1 p.m. to KSL News Radio every week day on 102.7 FM or 1160 AM. If your business is doing something great, let us know and we may just feature it on the Utah Business Report. 

Jungle gyms are the new career ladder

Thursday, July 19th, 2012

I recently read remarks from Harvard Business School’s Class Day by Facebook COO Sheryl Sandberg. She says that as the internet and social media are available to everyone and information becomes more accessible, everyone can have a voice. This, of course, changes the way companies do business. At the same time, traditional hierarchies are crumbling.

The ever-so-efficient business model of the 60′s, where the boss made decisions and everyone else towed the line, doesn’t work as well as it used to. And power doesn’t mean what it used to, either.

The crumbling of career ladders is good news for people who are tired of climbing. Ms. Sandberg quotes Facebook employee Lori Goler says today’s career is more jungle gym than career ladder. Sometimes you might go sideways. You might climb down for a while. You might go up. You might even move to a different structure or step off the gym completely to take care of other priorities. Employers care less about whether or not you’ve been moving upward and more about what skills you bring to the position.

This is important for women, especially when you consider that many of us scale back on our careers to take care of family responsibilities. Yes, some workplaces are still built on traditional models, and some old-school employers might not know what to do with people whose climb has been less than linear. But eventually, employers who are looking for quality employees (which will only get harder if current trends continue) will care less about which direction the rungs are heading or even what kind of ladder you’ve been climbing on and more about the person who wants to do the climbing.

For those of us who don’t follow the workaholic model, this is great news. If you want to take some time off from work to be with your family, you’re not doomed. If you decide to work part-time or as a volunteer for a while, it’s not the end of the world. If you take a position that pays less and carries less authority than where you used to work, don’t despair that you’ll be stuck there forever.

Every opportunity will teach you something, and that can translate into a valuable job skill. You don’t know where you’ll end up or how your new skills will come in handy. You don’t have to be moving up in order to be learning.

Maybe all you know right now is that you’re doing your best to find some semblance of balance. But you’re not the only one. More and more workplaces are recognizing that employees are different, and they don’t necessarily expect everyone to follow the same path. So take heart, even if you’re hanging upside down or falling off or just gazing at the jungle gym from a distance. It will still be there later, and chances are, as workplaces change, it will have even more twists and turns for you later than it does right now.

And that makes playtime at the jungle gym sound a lot more exciting.

 

 

This guest blog has been provided by Kaylie Astin, founder of Family Friendly Work, for the Women’s Business Center. 

Survey: Do you support tobacco-free workplace policies?

Wednesday, July 18th, 2012

Tobacco use has considerable impact on the balance sheets of large and small businesses, workplace productivity and on the health and well-being of employees and their families. Tobacco cessation continues to be one of the most cost-effective measures to reduce health care costs and increase productivity at the workplace.  For this reason, companies in Utah and across the nation are adopting tobacco-free policies and providing worker benefits and services that support prevention and cessation of tobacco use.  Over 70 percent of Utah adult smokers want to quit within the next six months. Reductions in smoking save money and more importantly, saves lives.

Tobacco use is the leading cause of preventable illness and death in Utah.  The Utah Tobacco Prevention Task Force is conducting a survey of Utah business leaders about tobacco-free worksite policies.  We invite you to participate in this brief survey.  The survey contains approximately 15 questions and takes less than five minutes to complete TAKE THE SURVEY.

The Utah Tobacco Prevention Task Force consists of Utah businesses, business leaders, health care providers, healthcare organizations, public health experts and community agencies.  Supported by the University of Utah Department of Pediatrics, Utah Department of Health and Coalition for a Tobacco-Free Utah, the Task Force creates recommendations to improve health care costs, workforce health, and the overall health of Utahns by decreasing the burden of tobacco use.

Goldman Sachs, SLCC and GOED launch $15 million small biz initiative

Wednesday, July 18th, 2012

What is important for your small business to succeed? Education and training? Access to financial capital? How about access to support services?

In an effort to boost economic and job growth while providing small businesses with all of these things, the Governor’s Office of Economic Development, Salt Lake Community College and Goldman Sachs announced a $15 million partnership today. The initiative is called 10,000 Small Businesses.

“As the number of small businesses in Utah has increased steadily for the past decade, we know that the success of the local economy depends on helping these businesses grow and create jobs,” said Governor Herbert. “Our partnership with Goldman Sachs 10,000 Small Businesses will give business owners the support they need to achieve this growth.”

Through Goldman Sachs’ 10,000 Small Businesses program, $500 million will be invested into the growth of 10,000 small businesses all across the country to help increase job creation and economic growth. Already, the completion rate for this program is at 99 percent, which is expected to make a significant difference in job creation and economic growth.

“Goldman Sachs maintains its second largest campus in North America in Salt Lake City, and we see the importance of a strong, vibrant business community,” said Esta Stecher, Chief Executive Officer of Goldman Sachs Bank USA. “We have witnessed first hand the dedication of local leaders to supporting businesses of all sizes in the area, and this is one reason we think 10,000 Small Businesses will be successful in Utah.”

For this five-year initiative in Utah, Goldman Sachs will contribute $10 million of lending capital to small businesses. In Utah, there are over 60,000 small business owners, or entrepreneurs, that could benefit from this program.

SLCC’s School of Professional and Economic Development will be in charge of the education and training part of the 10,000 Small Businesses program. Each year of the program, approximately 60 to 80 business owners will be admitted. The program will kick off in January 2013, and applications are now being accepted. You can download an application here.

“Salt Lake Community College holds as core to its mission the personalized attention to students, professionals and employers in Utah. Supporting the advancement of their careers and businesses is key to our workforce development goals and fits intimately with the goals and curriculum of Goldman Sachs 10,000 Small Businesses,” said Dr. Cynthia Bioteau, President of Salt Lake Community College. “This program is what Utah is about: collaboration and public-private partnerships to better the economy.”

Business support services will be provided by Goldman Sachs, SLCC, community-based partners and national business organizations, including the Salt Lake Chamber.

To learn more about the 10,000 Small Businesses initiative, visit www.slcc10ksb.com.